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Gear Energy Ltd T.GXE

Alternate Symbol(s):  GENGF

Gear Energy Ltd. is an oil-focused exploration and production company. The Company carries on the business of acquiring, developing and holding interests in petroleum and natural gas properties and assets. Its operations are located in three core areas: Lloydminster Heavy Oil, Central Alberta Light/Medium Oil and Southeast Saskatchewan. The Company is also engaged in focused on improving oil recoveries through the application of water flood technology. The key properties in the Central Alberta Light asset include Wilson Creek, Ferrier, Killam, Drayton Valley, and Chigwell.


TSX:GXE - Post by User

Post by graffiti99on Dec 19, 2022 2:24pm
224 Views
Post# 35180295

New Investor

New InvestorI'm a new investor. Over the long haul, I'm pretty confident with GXE as an operation. I am curious however, if 2023 is a little worse than expected, and WTI averages $70, what will GXE do? Will they cut the divi, cut production or both? Will they take a bit of debt to smooth it over until 2024? I can't see oil remaining in low to mid 70 range into 2024, not with china re-opening, oil demand, no ffinanciing or exploration to oil companies with all the climate change hysteria
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